Does anyone have any information about the Santander/Mitsubishi Policy for One Pay or security deposit? The dealer is telling me that the One Pay option has the same Money factor as a 24-month amortization, which does not make sense. Edmunds did not have any information.
Are you playing bingo with brands to avoid?
5 Likes
I am not following?
Somehow you’ve chosen one of the worst banks and one of the worst manufacturers.
1 Like
@max_g Thanks for the heads up, but with all due respect, it is irrelevant to my question.
1 Like
Lol and maybe he’ll use United Automobile Insurance for coverage and buy his gasoline from Bubba’s gas n go.
I don’t recall seeing any posts about one pay, but, regarding the Outlander specifically (don’t know if that’s the model you’re referring to), I do vaguely recall several posts in which a few people had difficulty getting the dealer to honor the advertised national deal.
So @max_g’s post is not totally irrelevant (although they possibly could’ve provided a bit more explanation). Nobody who wants a decent lease is dealing w/ Mitsubishi dealerships or Santander.
So there is not much info to be had, and I suspect that you may not have any more luck than did the other posters.
Lots of great 4xe leases would say otherwise.
Ccap=Santander
Oh, had no idea!
What do you think the issue w/ Mitsubishi leases has been?
1 Like
Could be different rules for mitsubishis. Could be clueless dealers.
Biggest issue is its a mitsubishi.
1 Like
Thanks everyone for your Mitsubishi concern. Maybe I should clarify. I was looking at Outlander ,which has same platfrom and engine as Rogue 2020(before Nissan replaced the 2.5 engine with 3 cylander).
As far as finance, they use to use Ally but seems they switched to Santander which is the same as CCAP.
You might want to look at what kind of Payment / Down they are asking for this ‘Alternative Rogue’.
Since Mitsubishi doesn’t have a stellar rep, you might want to look at a different car / bank.
1 Like
I am also interested in the outlander pHEV $285/month deal for the month of Oct. Would love to know how can I bring it down to almost a 0 DAS.
I just signed a lease tonight, will create a separate post but it was basically the same as the advertised deal:
24/10
$381/month (tax included)
$1999 DAS
I know a lot of people don’t like Mitsubishi, but my experience was good and I really like the car so far.
1 Like
Did you just call max’s wisdom irrelevant? I am sorry for the pain you are about to experience… From these brands…
Different strokes and all that. Congrats on the new ride!
Who was the lessor?
I have received a lot of private messages about this topic. Unfortunately, I have received a lot of negative feedback on this subject, which I did not intend to bring up. I won’t go into detail about my methodology for leasing, but for the Outlander:
I have never looked at the national/regional advertised offers. I always obtain my numbers from Edmunds and then input them into my calculator. I put my target price into the calculator, which you can see in the links below.
PHEV SE , 45K MSRP , target is $430 without reducing MF : CALCULATOR | LEASEHACKR
PHEV SEL , $47500 MSRP , target is $482 without reducing MF: CALCULATOR | LEASEHACKR
Based on all of the above, these deals are not convincing to me unless I can reduce the Money Factor (MF) by using a security deposit or if a one-pay deal is available. My reason for considering a one-pay deal is that I have a trade-in, and in Florida, I can offset the tax with a one-pay deal, which would save me 7%. This deal is still better than the current Nissan offer in the marketplace ($440 for the Rogue SV).
Congrats, I did not pay attention to your post , but can you share the numbers? were you able to reduce MF?
You dont get a trade in tax credit on a FL lease, just because its a one pay
Definitely wasn’t ignoring the wisdom. I may regret this but it’s a 24 months lease with an effective $240/month and I will save even more not filling up the tank.
MF was .00167
Residual was $28,964